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Announced

Completed

Aurora Capital Partners-backed VLS Environmental Solutions completed the acquisition of Plaquemine Point Shipyard.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

shipyard services

Ports

Acquisition

Domestic

Majority

Private

Private Equity

Completed

Friendly

Single Bidder

Synopsis

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Aurora Capital Partners-backed VLS Environmental Solutions, a provider of marine services with barge cleaning and repair facilities, completed the acquisition of Plaquemine Point Shipyard, a provider of full-service barge cleaning and repair along the Mississippi River. Financial terms were not disclosed. "We are excited to expand our Specialty Cleaning and Repair Services with the acquisition of Plaquemine Point Shipyard. We welcome the outstanding PPSY team to the VLS organization and are excited to utilize our combined strengths to continue providing high quality service to our customers in the region," John Magee, VLS CEO.

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